Actic’s Interim Report for the first quarter – Continued growth and strengthened position
Actic reports a total growth of 16 percent, of which 5 percentage points was organic, which is in line with the long-term target. The elements behind the organic growth are intensified focus on add-on services, new establishments and an effective price strategy. At the same time, ARPM increased 15 percent to SEK 349 (304) per month.
- Net sales rose by 16 percent to SEK 226 million.
- Average revenue per member increased by 15 percent to SEK 349 per month.
- Adjusted EBITDA-margin amounted to 16.0 percent.
- New establishment of three facilities and acquisitions of three facilities – in total 168 facilities at balance day.
- After the end of the period, Actic was listed on Nasdaq Stockholm, at the same time as refinancing was implemented.
Adjusted EBITDA amounted to SEK 36 million during the quarter, corresponding to an adjusted EBITDA margin of 16.0 percent versus the long-term target of 20 percent. The higher pace of establishment and continued investments in central and local support functions impacted the margin negatively.
“Investments are made in our platform to enable expansion and the strengthening of our position and brand, as well as the provision of a competitive offering to our members. This puts pressure on the operating margin in the short term, but is of importance for achieving the right efficiency and scalability in future, which will help us to achieve our medium-term financial targets”, says Christer Zaar President and CEO Actic Group.
After the end of the period, Actic was listed on Nasdaq Stockholm, at the same time as refinancing was implemented.
“We are now looking forward, as a listed company, to fulfilling our strategy and thus taking on an active role in the ongoing consolidation and continuously broadening and strengthening our offering to create value for our members and our shareholders”, says Christer Zaar President and CEO Actic Group.
For further information, please contact:
Christer Zaar, President and CEO Actic
firstname.lastname@example.org , +46 70 893 33 22
Niklas Alm, Head of Investor Relations
email@example.com , +46 70 824 40 88
Actic Group shares are listed on Nasdaq Stockholm, where Actic Group is a Small Cap company with the ticker code ATIC.
Actic Group (publ) is required to publish this information in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication Thursday May 11, 2017 at 13:30 CET.
Actic (formerly Nautilus Gym) was founded in 1981 and launched the Gym & Swim club concept. The company began its international expansion in 1995 and today Actic had 168 facilities and over 215,000 members in five countries. Actic’s main markets are Sweden, Norway, Finland as well as Germany and Austria. Actic offers a well-established exercise method known as high-intensity training (HIT) and offers its members personal training programmes including follow-up sessions with trained instructors. Together with swimming, this forms the core of Actic’s offering and differentiates Actic in the market.
Actic’s vision is to create a healthier society by attracting a broad target group and thereby expanding the market. Actic’s employees engage in the local community to contribute to a healthier society. Actic, which has its head office in Solna, Stockholm, has approximately 750 full-time equivalent employees and had net sales of SEK 802 million in 2016. Actic is led by its President and CEO Christer Zaar.